VICI Properties Inc. (NYSE:VICI) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in VICI Properties Inc. (NYSE:VICI) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 284,954 shares of the company’s stock after purchasing an additional 9,286 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in VICI Properties were worth $9,084,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in VICI Properties by 11.6% during the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock worth $2,810,583,000 after purchasing an additional 10,248,110 shares during the period. State Street Corp increased its position in VICI Properties by 3.2% during the 1st quarter. State Street Corp now owns 56,573,053 shares of the company’s stock worth $1,867,056,000 after purchasing an additional 1,753,004 shares during the period. Invesco Ltd. increased its position in VICI Properties by 19.1% during the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after purchasing an additional 3,798,898 shares during the period. Geode Capital Management LLC increased its position in VICI Properties by 1.4% during the 1st quarter. Geode Capital Management LLC now owns 22,976,184 shares of the company’s stock worth $748,300,000 after purchasing an additional 306,682 shares during the period. Finally, JPMorgan Chase & Co. increased its position in VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after purchasing an additional 86,084 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Activity at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction that occurred on Thursday, March 14th. The shares were purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Mizuho dropped their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Finally, Morgan Stanley upped their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Price Performance

VICI stock opened at $27.94 on Friday. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The stock’s 50 day moving average price is $29.34 and its 200 day moving average price is $29.66. The firm has a market cap of $29.14 billion, a P/E ratio of 11.26, a PEG ratio of 6.33 and a beta of 0.90.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s payout ratio is currently 66.94%.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.